Govt, ADB sign $284m deals to improve power network

Staff Reporter

Islamabad

The government on Thursday signed loan and grant agreements worth $284 million with the Asian Development Bank (ADB) in order to “improve Pakistan’s power transmission network”, stated a press release issued by ADB.
The agreement was signed at a ceremony in Islamabad by ADB Country Director for Pakistan, Xiaohong Yang, and Secretary Economic Affairs Division Noor Ahmed.
“The project will help provide a more stable and secure electricity supply, so people and businesses can continue their productivity and contribution to the economy,” Yang said, adding: “ADB was working with the government as well as private sector to further develop Pakistan’s power supply chain, including expanding the power transmission network”.

Share this post

PinIt
    scroll to top